Ethereum Rebounds Modestly While Bulls Struggle Against Overhead Resistance
Ethereum price failed to stay above $3,050 and tested $2,950. ETH is now attempting to recover but faces resistance near $3,150. Ethereum started a fresh decline after it failed to stay above $3,150. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,065 zone. Ethereum Price Attempts Recovery Ethereum price failed to continue higher above $3,200 and started a fresh decline, like....
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Ethereum price ETH struggle to clear a monster resistance trend line continues. The buyers have to clear it in order to take the price higher. Key Highlights. ETH price failed once again to clear a major resistance area against the US Dollar, and was seen trading in a range. I highlighted a bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD this week, which is still acting as a monstrous resistance for ETH. The price attempted at least 10 times to break it, but failed to gain traction. Ethereum Price Range. Ethereum price ETH attempted to clear a bearish trend line....